Breaking News, Page 1

Alibaba shares are at an all-time low. On Tuesday, shares of the Chinese e-commerce giant were down more than 2.5% to trade below $82 for the first time since the company went public in September. Since hitting their all-time highs in...

Best Buy unveiled a better-than-expected surge in profits in its holiday quarter today, though its revenues dropped slightly short of estimates. The consumer electronics retailer also announced plans to buy back shares for the first time since...

Steve Wynn won't renominate his ex-wife, longtime shareholder and former director Elaine Wynn, to the Wynn Resorts board next month, and she's not taking the news well.
In a letter written last month, Elaine Wynn told the board she would...

Numbers. I can't resist:
On Tuesday, the residents of Hermosa Beach are going to vote yet again on an oil and gas drilling initiative — whether to allow a contract with the energy company E&B Natural Resources Management to proceed...

Citigroup has struck a deal to sell its subprime lender OneMain Financial to Springleaf, the U.S. consumer lender, for $4.25 billion in cash, finally putting an end to the New York bank’s long-running effort to sell the unit.
The deal will make the...

To decide yesterday‘s contest, I’ll have to point to Jeremy’s comment:
Rembrandt in a walk:
-He believes that “God is in every leaf on every tree”. Most of his greatest paintings are portraits of himself or...

Stanley Druckenmiller said it would be great if the Federal Reserve acts now in raising the interest rates, during an interview with Kelly Evans on CNBC’s Closing Bell on Monday.
During the interview, Druckenmiller said, “I think the...

Former Federal Reserve Chairman said Monday Republican efforts to force the central bank to adopt an official policy rule to conduct interest policy are redundant because the Fed already sets out clear benchmarks for its interest rate actions.
“The...

Tim Duy:
Does The Fed Have a Currency Problem?, by Tim Duy: The PCE inflation data was released today, and I have been seeing commentary on the relative strength of the core-inflation numbers. This, for example, from the Wall Street Journal:
A key...

Paul Krugman is frustrated (my bold):In my own case, I’d guess that about 80 percent of what I’ve had to say about macroeconomics since the crisis was prefigured in my 1998 liquidity trap paper, which was classic MIT style — a stylized...

“A diamond is forever, a marriage is forever, but when was the last time anyone looked at their wedding vows?”
Entrepreneur David Mondrus posed that question to the New York Times in explaining why he and his wife, Joyce...

Lumber Liquidators shares plummeted after 60 Minutes aired a report stating that the company’s floors failed safety tests in California. This morning the company’s shares were halted for a time pending the release of news.
By the...

Wells Fargo is putting a cap on potentially risky auto loans, The New York Times' Michael Corkery and Jessica Silver-Greenberg reported. The move could help to cool down what's currently a red hot market. One of the largest auto lenders in the...

From Gordon Crovitz at the WSJ
FCC Chairman Tom Wheeler justified Obamanet by saying the Internet is “simply too important to be left without rules and without a referee.” He got it backward: Light-handed regulation made today’s...

American works are finally getting something they haven’t had in a long time — a raise.
Here’s CNBC’s Alex Rosenberg:
After years of seeing salaries stagnate, U.S. earners are finally starting to make slightly...

Jim Hamilton:
What is the new normal for the real interest rate?: The yield on a 10-year Treasury inflation protected security was negative through much of 2012 and 2013, and remains today below 0.25%. Have we entered a new era in which a real rate near...

Yesterday‘s winner is Friedrich Nietzsche. I don’t really have much to say here: there was lots of enthusiasm about the philosopher and none at all for the cozy comedian. Maybe Jonathan Miller would’ve been a better...

Breaking News, Page 1

Steve Wynn won't renominate his ex-wife, longtime shareholder and former director Elaine Wynn, to the Wynn Resorts board next month, and she's not taking the news well.
In a letter written last month, Elaine Wynn told the board she would...

To decide yesterday‘s contest, I’ll have to point to Jeremy’s comment:
Rembrandt in a walk:
-He believes that “God is in every leaf on every tree”. Most of his greatest paintings are portraits of himself or...

From Gordon Crovitz at the WSJ
FCC Chairman Tom Wheeler justified Obamanet by saying the Internet is “simply too important to be left without rules and without a referee.” He got it backward: Light-handed regulation made today’s...

Best Buy unveiled a better-than-expected surge in profits in its holiday quarter today, though its revenues dropped slightly short of estimates. The consumer electronics retailer also announced plans to buy back shares for the first time since...

Alibaba shares are at an all-time low. On Tuesday, shares of the Chinese e-commerce giant were down more than 2.5% to trade below $82 for the first time since the company went public in September. Since hitting their all-time highs in...

Tim Duy:
Upbeat Jobs Report, by Tim Duy: The January jobs report came in above expectations, with nonfarm payrolls growing by 257k and, more importantly, there were large upward revisions to the previous two months. Simply put rumors of the demise of...

LinkedIn reported its Q4 earnings Thursday afternoon, delivering a beat that sent the stock surging more than 6% after-hours. The company reported revenues of $643 million versus Wall Street expectations of $617 million, and EPS of $0.61, which...

What is the most important issue not being addressed in public surrounding the Greek sovereign debt default issue?
While some market participants think the Greek issue is something that is months away, a UBS research noted dated February 8 says that...

Employment Trends May Be Accelerating by Todd Sullivan, ValuePlays
“Davidson” submits:
The Establishment Survey rises by 257,000 and the Household by 759,000. All good! There were positive revisions to the Establishment Survey which has been...

Rob Arnott, chief executive and co-founder of Research Affiliates LLC, sat down for an interview with Bloomberg Business earlier this week to share a few thoughts on the current state of the economy and the equity markets. Arnott did not pull any punches...

Wall Street is betting big against energy companies.
In a post on Wednesday, Bespoke Investment Group highlighted this chart, showing the short interest among stocks in the energy sector of the S&P 500.
Short interest indicates the...

Over at Project Syndicate: If we as a species can avoid nuclear war; curb those among us who are violent because they are God-maddened, state-maddened, or ethnicity-maddened; properly coordinate global action to reduce global warming from its current...

The premise of the latest legal attack on Obamacare has always been shaky. An email that a key Senate staffer wrote in January 2010 would appear to make it even shakier.
Next month, the Supreme Court will hear oral arguments in King v. Burwell, a case...